Question

Find the simple interest on rs. 306.25 from march 3rd to july 27th( in the same year ) at 3.75 percent

Answer 1

Is this question of music

Answer 2

The principal value(P) = 306.25 (given)

Given rate(R) = 3.75%

No of days(Time T) =28+30+31+30+27

=146 days

= 146/365 years

=0.4 years.

We know that,

Simple Interest(S.I)= (PxRxT) / 100

Therefore,

Simple Interest = (306.25 x 3.75 x 0.4)/100

=459.375/100

=4.59375

=4.6(APPROX)